Question
A coupon bond that pays interest of $45 annually has a par value of $1000, matures in 4 years, and is selling today at a
A coupon bond that pays interest of $45 annually has a par value of $1000, matures in 4 years, and is selling today at a $50 discount from par value. The yield to maturity on this bond is _________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
